Posts by Mark Darwin
Singapore-based office S-Reits report stronger operational performance
ACCORDING to data from JLL, leasing activities in quality office developments in Singapore improved in the fourth quarter of 2024. Rental and capital values are expected to stay stable in the first half of 2025, and recover in the latter half of the year. CBRE predicts a modest rise in Core Central Business District Grade…
Read MoreBonds gain in January as Trump’s return drives topsy-turvy month
FOR all the trepidation coursing through the bond market at the start of 2025, Treasuries are up on the month as traders remain on watch for how Donald Trump’s tariff and immigration policies will develop. After a rollercoaster stretch, the Bloomberg US Treasury index is up about 0.6 per cent this month through Thursday (Jan…
Read MoreApple scraps work on Mac-connected augmented reality glasses
APPLE has cancelled a project to build advanced augmented reality (AR) glasses that would pair with its devices, marking the latest setback in its effort to create a headset that appeals to typical consumers. The company shuttered the programme this week, according to people with knowledge of the move. The now-cancelled product would have looked…
Read MoreVenmo for Business: Smart Move or Major Mistake?
Thinking of using Venmo for your business? It’s a tempting option with its ease of use and popularity. But is it really the best choice for handling business transactions? Venmo for Business offers some unique features, but there are important factors to weigh before diving in. Let’s explore whether Venmo is a smart move for…
Read MoreSingapore will continue to work with US counterparts to comply with export controls: MTI
THE Ministry of Trade and Industry (MTI) said on Saturday (Feb 1) that Singapore’s customs and law enforcement agencies will continue to work closely with US counterparts on export controls. This comes as questions were raised over whether DeepSeek gained access to Nvidia chips that were subject to export controls through Singapore intermediaries. In a…
Read MoreJPMorgan plans US$4 billion US gold delivery amid tariff fears
JPMorgan Chase will deliver gold bullion valued at more than US$4 billion against futures contracts in New York in February, at a time when surging prices and the threat of import tariffs are fueling a worldwide dash to ship metal to the US. The bank, which is by far the world’s biggest bullion dealer, was…
Read MoreNvidia CEO Huang meets Trump at White House on Friday
President Donald Trump met Friday (Jan 31) with Nvidia chief executive officer Jensen Huang at the White House as the US prepares tariffs on semiconductors, weighs the fate of a chip subsidy programme and probes whether Chinese artificial intelligence (AI) startup DeepSeek skirted export controls to obtain the company’s products. Chip tariffs would weigh heavily…
Read MoreFu Yu will not convene requisitioned EGM; investigates business unit
THE board of directors of Fu Yu Corporation on Friday (Jan 31) announced that the company will not convene an extraordinary general meeting (EGM) requisitioned by Victor Lim, its largest shareholder. In a bourse filing, the precision plastic components manufacturer said that it had obtained legal advice stating that the requisition did not meet the…
Read MoreExxon beats Q4 estimates with higher Permian, Guyana output
EXXONMOBIL on Friday (Jan 31) beat Wall Street’s estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Its profit was US$7.39 billion or US$1.67 per share, beating analyst estimates of US$1.56, LSEG data showed. Exxon’s low production costs in the basin and its lucrative and prolific…
Read MoreCapitaLand Ascott Trust acquires two freehold hotels in Japan for S$178.5 million
CAPITALAND Ascott Trust (Clas) has acquired two freehold limited-service hotels in Japan – ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae – for 21 billion yen (S$178.5 million). The acquisition is part of Clas’ portfolio reconstitution strategy to enhance the quality of its portfolio and deliver stable returns to its stapled securityholders, said Serena…
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